Yahoo is not the only tech giant making purchases as popular social networking website Facebook has decided to obtain some employees and certain assets of the UK-based software verification development company, Monoidics. After finalising the closing conditions both tech staff and engineers of Monoidics will shift to the London office of Facebook. After this move the social networking giant will incorporate Monoidics’ automated formal verification and analysis software in its mobile development system so it could scan for bugs.
Shedding light on the latest acquisition, Facebooker Phillip Su said that, “We have always focused on hiring smart, talented engineers — and in this acquisition, we found many. Their entrepreneurial spirit and desire to make an impact make them great additions to Facebook. We can’t wait to have them here!” As far as the the role of Monoidics, Facebook said that, “They produce some of the best automatic formal verification and analysis software—code that checks other code for bugs—in the industry, which we will apply to our mobile app development to keep a high quality bar.”
Monoidics revealed about this acquisition through a post over its blog, in which the UK-based software firm said that:
“We are excited to announce that Facebook has agreed to acquire Monoidics assets and that our technical team will be joining their growing office in London once the deal has fully closed.
In 2009 we started this company with the goal of making the best automatic formal verification and analysis software in the industry. We’ve gone from theoretical ideas in logics of programs all the way to a company with a world-class engineering team, real customers and an office right in the midst of London’s Silicon Roundabout. It’s been incredible journey. . . we’ve loved every minute of it!
However, we have always looked for ways we could do even more, and when we met members of Facebook’s engineering team, we realized how much we have in common: a relentless focus on quality, a desire to move fast and try new things, and a passion for making an impact. Right away we knew this was our chance to take what we’ve built to the next level. Joining the Facebook team opens up a world of new opportunity for our technology and for our individual and collective scientific expertise.
Once the deal closes, pending certain closing conditions, the technical team will be moving over to join Facebook’s growing engineering team in London. We’d like to thank everyone who has joined and supported us on this journey: our team, our customers, our advisers, the team at QuantumWave Capital, our fellow developers and researchers, and particularly our friends and families.
We’re excited to see what’s next!”
Source: Techcrunch, MonoidicsBlog
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